Taylor Wimpey plc (LON:TW) Receives Average Recommendation of “Moderate Buy” from Analysts

Taylor Wimpey plc (LON:TW) has been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 112.

TW has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on Taylor Wimpey from GBX 120 to GBX 100 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Stifel Nicolaus reissued a “buy” rating and issued a GBX 120 target price on shares of Taylor Wimpey in a research note on Thursday, March 5th. Berenberg Bank lowered their target price on Taylor Wimpey from GBX 120 to GBX 105 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Bank of America lowered their target price on Taylor Wimpey from GBX 110 to GBX 90 and set a “neutral” rating for the company in a research note on Monday, March 30th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Taylor Wimpey from GBX 122 to GBX 96 and set a “hold” rating for the company in a research note on Monday, May 11th.

Taylor Wimpey Trading Down 1.4%

Shares of TW stock opened at GBX 79.78 on Monday. The stock has a 50 day moving average price of GBX 83.64 and a 200 day moving average price of GBX 97.70. The company has a debt-to-equity ratio of 2.96, a current ratio of 4.96 and a quick ratio of 0.71. The company has a market cap of £2.87 billion, a P/E ratio of 11.64, a P/E/G ratio of 2.04 and a beta of 1.30.

Taylor Wimpey (LON:TW) last announced its quarterly earnings data on Thursday, March 5th. The homebuilder reported GBX 8 EPS for the quarter. Taylor Wimpey had a return on equity of 2.40% and a net margin of 2.61%. Sell-side analysts predict that Taylor Wimpey will post 9.8339265 earnings per share for the current fiscal year.

Taylor Wimpey announced that its board has approved a stock buyback plan on Thursday, March 5th that permits the company to repurchase 0 shares. This repurchase authorization permits the homebuilder to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Taylor Wimpey

In other news, insider Jennie Daly sold 490,379 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of GBX 101, for a total value of £495,282.79. Also, insider Chris Carney sold 329,993 shares of Taylor Wimpey stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of GBX 101, for a total value of £333,292.93. Insiders bought a total of 230,301 shares of company stock worth $19,808,314 over the last 90 days. 0.87% of the stock is owned by corporate insiders.

About Taylor Wimpey

Taylor Wimpey plc operates as a homebuilder in the United Kingdom and Spain. It builds and delivers various homes and communities. Taylor Wimpey plc was incorporated in 1935 and is based in High Wycombe, the United Kingdom.